Introduction

Value Added Tax (VAT) is a type of indirect tax that is imposed on the value added to goods and services at each stage of production or distribution. Unlike income tax, which is paid by individuals or businesses on their earnings, VAT is collected by businesses on behalf of the government and is ultimately borne by the final consumer.

Category: Taxation

Channel 1: Compliance

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Information

Available from: 22 October 2025, 16:00

Format: Webinar

CPD Units: 1

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What will set you apart

By attending this webinar you will gain the following competencies

• What VAT Is:
  • Definition and purpose of VAT.
  • How VAT fits into the broader tax system.
• How VAT Works:
  • The concept of input tax vs. output tax.
  • How VAT is charged, collected, and paid.
  • Basic supply chain flow of VAT.
• VAT Registration:
  • When and why businesses must register for VAT.
  • Thresholds and obligations.
• VAT Rates and Categories:
  • Standard, reduced, zero-rated, and exempt supplies.
  • Real-world examples of each.
• VAT Invoicing and Record Keeping:
  • Requirements for VAT-compliant invoices.
  • What records must be kept and for how long.
• VAT Returns and Payments:
  • How and when to file VAT returns.
  • Penalties for late submission or errors.
• Input VAT Recovery:
  • Which business expenses are eligible for VAT recovery.
  • Common disallowed inputs.
• Common Mistakes and How to Avoid Them:
  • Practical advice on compliance and audits.

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Certificate

The following event is awarded 1 CPD units in Taxation.

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Presenter

Johan Heydenrych

Johan completed his B. Com (Accounting) (Hons) cum laude and was awarded “Best student in Audit 700”. He has been offering specialised taxation services since 1991 across all industries. Johan was a tax partner at KPMG from 1997 to 2020 and is currently a partner in the Kreston SA network specialising in taxation. Johan is well-known for his expert presentation skills and entertains the audience with his extensive experience and stories.

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